Glencore: Production of nickel was 20,900 tons in 2023 Q1

  • Monday, April 24, 2023
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, steel
[Fellow]Recently, Glencore announced its Q1 report. Q1 nickel production decreased 9,800 tons year-on-year to 20,900 tons, down 32%.
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Glencore: Production of nickel was 20,900 tons in 2023 Q1

 

Recently, Glencore announced its Q1 report.

Q1 nickel production decreased 9,800 tons year-on-year to 20,900 tons, down 32%; Q1 ferrochrome production increased 13,000 tons year-on-year to 400,000 tons, or 3%. But full-year production guidance of nickel and ferrochrome is unchanged from that presented at Glencore's investor presentation in December 2022, respectively 107,000 to 117,000 tons and 1.28 to 1.34 million tons.
 

(Production data from Glencore's "First Quarter Production Report 2023")

Production from own sources – Total
    Q1 2023 Q1 2022 Change %
Copper kt 244.1 257.8 -5
Cobalt kt 10.5 9.7 8
Zinc kt 205.3 241.5 -15
Lead kt 39.3 46.8 -16
Nickel kt 20.9 30.7 -32
Gold koz 187 189 -1
Silver koz 4525 6,515 -31
Ferrochrome kt 400 387 3
Coal mt 26.9 28.5 -6

 

Production guidance
    Actual  FY 2022 Previous guidance 2023 Current guidance 2023 2023 weighting H1 H2
Copper kt 1,058 1,040 ± 30 1,040 ± 30 48% 52%
Cobalt kt 43.8 38 ± 5 38 ± 5 51% 49%
Zinc kt 939 950 ± 30 950 ± 30 45% 55%
Nickel kt 108 112 ± 5 112 ± 5 45% 55%
Ferrochrome kt 1,488 1,310 ± 30 1,310 ± 30 54% 46%
Coal mt 110 110 ± 5 110 ± 5 49% 51%

 

 

  • [Editor:邢亚敏]

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